Billionaire Elon Musk’s artificial intelligence startup xAI ORCL has reached a $10 billion server deal with tech giant Oracle, according to a report by The Information. The deal marks the end of negotiations to expand an existing agreement in which xAI leased Nvidia’s AI chips through a cloud provider. Musk’s xAI is now purchasing chips to build its own data center, with talks on a multi-year lease of Nvidia processors for Oracle’s planned supercomputer being halted due to Musk’s desires for a faster supercomputer than Oracle believed possible. Both Oracle and Musk’s representatives have declined to comment on the deal.
Article Source
https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3J119Z:0-oracle-and-musk-s-xai-s-10-bln-server-deal-talks-lapse-the-information-reports/
The Information reports that discussions between Oracle and Musk’s xAI regarding a $10 billion server deal have come to an end.
